Wednesday, November 1, 2017

StanChart Q3 Profit Soars, Expenses Up; Sees Margin Pressure; Stock Dips

Standard Chartered Plc reported Wednesday more-than doubled profit in its third quarter with improved income, despite growth in expenses. Regarding the outlook, the company noted that the global economy is recovering slowly but competition is strong with asset margins remaining under pressure. The shares of the British banking company were losing around 7 percent in London.

from RTT - Earnings http://ift.tt/2z3w6lw
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